New Property Projects in Manhattan

Posted by Wei Min Tan on September 6, 2023

New property projects in Manhattan are being marketed globally to foreign buyers looking to diversify their portfolio.  Foreign clients are overloaded with information of Manhattan new property projects on multiple fronts.  This makes the decision process confusing for the investor.  It is important to understand all before investing in new property projects, as property is an illiquid asset.  Getting in is easy but if stuck with an undesirable property, getting out will be a lot harder.

Weimin’s article: How to Buy New Launch Property in Manhattan

Purchasing new property in Manhattan entails visiting the sales office and evaluating material and floor plans before the building is finished.  The buyer makes a deposit, and the remainder is due when the project is done, which is normally in 1.5 or two years.  The supply of new property developments is a very small subset of total property inventory.  This is because Manhattan is completely built up and there is limited accessible land for developers to put new structures on.

Weimin’s article:  Pros and Cons of buying new launch property in Manhattan.

Read about Wei Min’s style in Best Manhattan property agents and Role of a buyer’s broker.

New Property Projects in Manhattan

In New York and the U.S. in general, all inventory is public information.  For Manhattan, Streeteasy.com is the main property listings website.  As a buyer’s broker, we represent clients in navigating the buying process and in selecting the best options to maximize appreciation potential and rental returns.